One of my partners and I have been brainstorming on how to get government grants for any number of markets revolving around it, create the business plan, tie it in, and see what happens.

Call Jeff at Revolver Capital (https://www.revolverfinance.co...) and talk to him about their terms.

You can try an alternative loan like hard money or a fix and flip loan.Our fix and flip/rehab loans have many features, including: Up to 85% acquisition/ 100% on rehab/up to 75% ARVBoth revolving & non-revolving optionsLoans ranging from $60,000 to $10 millionRates from 8.5%-12.99% Interest onlyOrigination-from 2.5-6%Up to 24 month terms availableAcquisition financingTown homes, single & multifamily dwellingsNo prepayment penaltiesClosing: 10-17 dayFeel free to reach out to me should you need more info

150k equity does sound like a good cushion but if the property is worth $600K, that means you are at a 75% LTV already, which for a revolving line of credit is pretty tight.

McCart,I'm glad I cam across this post, as I am a Loan Analyst located in the Sarasota, Florida area.If you would like to connect on some of these deals and possible pathways forward for you (and your wife) please send me a message!

I would be more than happy to try and answer any questions that may revolve around my area of expertise!

Their rates are pretty high and the main drawback is it's not a revolving line (at least that's my interpretation.)

When I think about higher purpose, I tend to revolve around what I know and I focus on how I can change the world around me in the way I know best.

Leases here typically revolve around the University semesters begin/end. 

A trade line on a credit report is something like a credit card (R-revolving debt) or car/furniture loan (I-Installment debt).